The simple answer for who owns the Vegas Golden Knights is Black Knight Sports and Entertainment LLC, which is a private firm run by Bill Foley and his family. The only minority partner of the firm to be openly revealed is Adrienne Maloof.The complicated answer comes with an expansion fee of 500 million dollars, a partnership with the former owners of the Sacramento Kings family, a stealth buyout done in January 2024, and an arena that is not entirely owned by the team. This is how it really goes down.
Golden Knights Ownership at a Glance:
The entities, the people and the numbers, with each valuation dated.
| Owning entity | Black Knight Sports and Entertainment LLC |
|---|---|
| Majority owner | Bill Foley and the Foley family |
| Foley’s role | Founder, chairman and lead investor |
| Minority owner | Adrienne Maloof, who remains a limited partner |
| Founding partners | The Foley family and the Maloof family |
| Ownership change | January 2024. George, Gavin, Joe and Phil Maloof sold their remaining indirect interests, reported at around 15 percent, to the Foley family |
| Public or private | Privately held. Exact ownership percentages have never been disclosed |
| Expansion awarded | 22 June 2016, following an application process that began in 2015 |
| Expansion fee | 500 million dollars |
| League position | The NHL’s 31st franchise, and the league’s first expansion in 16 years |
| First season | 2017-18 |
| Home arena | T-Mobile Arena, Las Vegas, a joint venture of MGM Resorts International and AEG. The franchise holds a minority stake |
| Practice facility | City National Arena, Summerlin, Nevada |
| AHL affiliate | Henderson Silver Knights, created in 2020 by relocating the San Antonio Rampage |
| Other Foley team in Las Vegas | Vegas Knight Hawks of the Indoor Football League, Indoor Football League champions in 2025 |
| Stanley Cup | 2023, defeating the Florida Panthers in five games |
| Cup Final appearances | 2018, lost to Washington. 2023, won. 2026, lost to Carolina in six games |
| General manager | Kelly McCrimmon |
| Franchise valuation | 1.3 billion dollars per Sportico in January 2024, then 11th in the NHL. Forbes carried figures of roughly 975 million in 2023 and over 1.1 billion in 2024. Valuations have risen since |
| Related entity | Black Knight Football and Entertainment, a separate Foley vehicle that holds his European and Australasian soccer clubs |
The Owning Entity:
The franchise belongs to Black Knight Sports and Entertainment LLC. It is the legal entity which is the owner of the team and whose name is used when official club communications take place. Bill Foley is the founder, chairman, and majority owner, and the entire family holds the majority stake in the team. While Foley is the governor of the club in the National Hockey League, it is the ownership of the LLC that makes the decisions.
The business is a privately held company. There has never been any information made public regarding the ownership percentages of any partners, and any website using the exact ownership percentages is just guessing.
The Maloof Family and What Changed in 2024:
This is the section that most other pages either got wrong or skipped. At the time of formation, the founders of the franchise were Foley and his family along with the Maloof family, the owners of the former NBA team Sacramento Kings. They came right at the beginning with a minority stake estimated at about 15 percent.
On January 2024, the franchise confirmed the sale of the residual indirect ownership share by George, Gavin, Joe, and Phil Maloof to the Foley family. Foley thanked them publicly for being a part of making Las Vegas an NHL city, and expressed appreciation that they saw Las Vegas as a viable market in the major leagues when others did not. Adrienne Maloof did not sell and continues to be a limited partner, making her the only minority owner of the franchise who consistently appears in reports. The result is that the ownership has become more centralized in the Foley family than ever before in the franchise’s history.
A Warning About Minority Investor Lists:
There are multiple sites that give long listings of Golden Knights minority investors along with their percentages. Take them with a grain of salt. One of those lists includes an investor that is publicly known to be related to another NHL team. This clearly indicates that the list is wrong and not secretive. Since Black Knight Sports and Entertainment is a private company and does not release any information, there is no way of knowing a full list of investors. We have only listed the investors that have been confirmed by the club.
The Expansion Fee and How the Franchise Was Created:
The Board of Governors of the NHL awarded the city of Las Vegas an NHL franchise as the 31st team of the league on 22 June 2016. The expansion fees amounted to $500 million, making it the first expansion in the league after 16 years. It also became the first-ever franchise in Las Vegas of any major sport. The major leagues avoided Las Vegas for many years because of the gambling culture. The new franchise made its debut in the 2017-18 season, where it qualified for the Stanley Cup final.
Who Owns T-Mobile Arena:
This is a prevalent myth that needs to be set straight. The Golden Knights are not the owners of their home arena. T-Mobile Arena is a partnership between MGM Resorts International and AEG, an organization owned by Philip Anschutz. The Golden Knights have a minority share in this arena, while the majority of ownership is held by MGM and AEG. The team, however, does own and run the City National Arena, their practice and community rink located in Summerlin.
The Wider Foley Sports Structure:
But the Black Knight Sports and Entertainment vehicle is not the only one in this scenario, as the names are very similar and cause some confusion. The Golden Knights along with the Henderson Silver Knights, the American Hockey League affiliate that Foley established in 2020 after moving the San Antonio Rampage team, fall under the Las Vegas sports franchise, together with the Vegas Knight Hawks of the Indoor Football League, which claimed its league championship in 2025.
The soccer teams belong to a separate entity – Black Knight Football and Entertainment. It is a completely different organization with different partners and has nothing to do with the Golden Knights organization. The pages that mention AFC Bournemouth as part of the owner’s assets of the Golden Knights alongside with the AHL affiliate have merged two different organizations into one.
What Are the Golden Knights Worth:
In January 2024, Sportico had valued the team at 1.3 billion dollars, putting it at number 11 in the league. The team had held approximately 975 million dollars in the 2023 valuation of Forbes and over 1.1 billion in 2024. The value of the franchises has increased considerably within the league, and even though winning the Stanley Cup in 2023 and making another trip to the Finals in 2026 did not affect them negatively, it is still a considerable return against the 500 million dollar expansion fee that the team paid in 2016. It should be noted that these are valuation figures for privately held franchises. There has been no trade of any Golden Knights share at any of the listed values.
On-Ice Leadership:
The general manager is Kelly McCrimmon. This team has been very aggressive with their roster building by trading away popular players and trying to push up against the cap in order to be competitive. This particular style of building has been explained by McCrimmon as coming from the hockey side of things rather than any pressure from the owners, with Foley participating through being in meetings and knowing the logic behind them and then supporting it.
Final Take:
Who owns the Vegas Golden Knights is a straightforward question and one that is also quite intriguing. The Vegas Golden Knights are owned by Black Knight Sports and Entertainment LLC, with Bill Foley running the show while Adrienne Maloof is part of the limited partnership that owns the club. The company doesn’t divulge any further details, which is common practice among private franchise teams since most information found in writing about the ownership group is purely fictional. The only thing one can confirm is the path taken: a $500 million expansion fee in 2016, a Stanley Cup in 2023, and a valuation of more than a billion dollars.
Frequently Asked Questions:
Who owns the Vegas Golden Knights?
Black Knight Sports and Entertainment LLC, controlled by Bill Foley and his family. Adrienne Maloof is a limited partner.
Are the Golden Knights publicly traded?
No. The franchise is privately held and exact ownership percentages have never been disclosed.
Do the Maloofs still own part of the Golden Knights?
Partly. George, Gavin, Joe and Phil Maloof sold their remaining indirect interests to the Foley family in January 2024. Adrienne Maloof remains a limited partner.
How much did the Golden Knights cost?
The expansion fee was 500 million dollars. The NHL awarded the franchise on 22 June 2016.
Do the Golden Knights own T-Mobile Arena?
No. T-Mobile Arena is a joint venture of MGM Resorts International and AEG. The franchise holds a minority stake. The club does own City National Arena, its practice facility in Summerlin.
What are the Vegas Golden Knights worth?
Sportico valued them at 1.3 billion dollars in January 2024, 11th in the NHL. Forbes carried figures of roughly 975 million in 2023 and over 1.1 billion in 2024. Valuations have risen across the league since.
Who is the Golden Knights general manager?
Kelly McCrimmon.
Does the Golden Knights owner own other teams?
Yes. Bill Foley owns the Henderson Silver Knights of the AHL and the Vegas Knight Hawks of the Indoor Football League, and holds several soccer clubs through a separate entity, Black Knight Football and Entertainment.
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